
The Soho Forum Debates
Must Government Fund Science?
Feb 2, 2024
M. Anthony Mills and Terence Kealey debate government funding for science, exploring its impact on technological advancements. They discuss historical perspectives, the evolution of science from the 18th to the 19th century, federal funding in the US, and the relationship between government funding, economic growth, and research. The debate highlights the role of basic science in driving innovation.
01:29:40
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Quick takeaways
- Government funding advances neglected vital research, exemplified by historical breakthroughs like ammonia synthesis.
- Private sector initiatives are crucial in supplementing government funding to avoid crowding out and promote a diverse ecosystem of discovery.
Deep dives
The Role of Government Funding in Scientific Progress
Government funding for basic research in science and technology is at the center of a debate. Tony Mills argues that government funding helps advance neglected scientific research vital for progress, exemplified by historical breakthroughs like ammonia synthesis. Terence Keelie counters, highlighting the concept of crowding out, where government funding can deter private investment in research, suggesting that private industry's incentives differ from those of the state.
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